Danville Library Foundation

Analysis

Danville Library Foundation is a registered charity in United States, based in Danville, IL. It received its IRS tax-exemption ruling in November 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Danville Library Foundation reported income of $279k and spending of $234k, spending 84% of its income. Across the 5 years on record, from April 2019 to April 2023, income fell from $397k to $279k (-30%), an average of -8.4% a year. The sharpest change came in the year to April 2021, when income rose by 74%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Danville Library Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IL. Charities of a similar size with the same main cause include East Rockingham Fire Department Inc ($279k), Better Homes of Seaford Inc ($279k) and Du Page Symphony ($279k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 39% of the total. Compensation of current officers, directors and key employees was $71k (30% of expenses). At year end it held assets of $5.8m against liabilities of $18k, net assets of $5.7m. It reported 1 employees.